Discussion in 'Investment Charts' started by longtermbull, Jul 26, 2017.
I wonder if the shorters are making some of their money back or "once bitten twice shy" ?
They will write a book and then do a film about this company, and Elon Musk, one day and it will be a best seller lol
They said the company was foolish to raise that money a few weeks ago - who is looking foolish now?
I would love to know what the analysts are thinking about Tesla - if the share price does have the potential to jump into the thousands of dollars then surely now is an opportune moment to start picking some up?
The oil price is rock bottom (petrol is cheap) and Tesla has had a rollercoaster over the last few weeks. If Tesla fails will this be the end of the EV boom?
Tesla IS the ev market and if it was to fail (as it looked like doing so many times until just recently) then the sector is back to square one. No reputation and no funding
There seems to be a fair bit of backbone for Tesla at the moment but a lot of this will depend upon how the main market performs. The graph suggests that the level of around $500 is very important as both resistance and support. Time will tell!
I am not convinced that the degree of appetite for risk will return in the short to medium term to propel Tesla back to recent highs. Especially for companies with any exposure to the Far East and especially China.
You rolls the dice you takes your chance on this one - if the market is doing well then Tesla will follow, if not it will tank.....not my idea of investment.
Tesla must be on of the best performing shares of the year so far, the most volatile and the most difficult to predict - not a bad clutch of awards
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